Tax Check In

A deduction is

• gross income

• money added to your income

• net income

• money taken out of your income

Taxes are - 

• Money given to you by the government
• Free money to you
• Money you must pay to the government
• Money in someone's piggy bank

Net income is:

• the total amount of money you earn

• the amount of money you receive after deductions are subtracted from your gross income

• the amount of money that is taken away in the form of taxes

• the hourly rate of pay

Gross income is:

• the total amount of money you earn

• the amount of money you receive after decuctions are subtracted

• the total amount of money you spend

• sales taxes on items you buy

Which of these is NOT an example of property tax?

• Tax paid on the value of a farm a person owns

• Tax paid on the value of a piece of land a person owns

• Tax paid on the value of a piece of furniture a person owns

• Tax paid on the value of a home a person owns

• Income Tax

• Sales Tax

• Payroll Tax

• Property Tax

Nick delivers pizza for extra money while he finishes high school. He earns about $60 on a typical night. What kind of tax will Nick have to pay on what he earns delivering pizzas?

• Income Tax

• Sales Tax

• Payroll Tax

• Property Tax

David's gross income: $127.25

David's deductions: $25.20

David's net pay: ?

• $102.05

• $102.45

• $112.05

• $152.45

A payment from banks or the use of (customers') money.

• spending

• interest

• wealth

• checking

What is the name of the document that comes with your paycheck and shows you what you were paid and how much was taken for taxes?

• Paystub

• Payline

• Pay Report

• Pay Sheet